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An oft-asserted critique is that China's SOEs have a lower return on capital than private companies do, implying that the SOEs use resources less efficiently. It's true that the return on assets in the private sector was 7.6 percent versus 3.3 percent for SOEs in 2019, according to the National Bureau of Statistics. But the claim that this implies that these lower capital returns reflect poor efficiency is simply an inaccurate interpretation of economic theory.
Andru Edwards with some of his gift picks in the KIRO-FM studios. (Erynn Rose photo)
Analysts predict limited long-term effects as growth remains stable, say investors overreacting
Analysts said a recent weak dollar is one major reason for the continued gain of China's forex reserves.
An official with the preparatory committee said they might welcome hi-tech industries such as 5G communications, bio-medicine, artificial intelligence and internet finance industries.
